Keenbase Trading » Products » Expert Advisors » KT Renko Patterns EA

KT Renko Patterns EA
MT4 | MT5

Name: KT Renko Patterns EA
SKU: 176903
Price: 145.00 USD
Availability: InStock
Rating: 5.00 (1 reviews)

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Description
Backtesting
FAQs
Update Log

In manual trading, many of the trading setups and opportunities provided by the KT Renko Patterns indicator are missed due to sudden price movements on the Renko charts.

KT Renko Patterns EA for MT4/MT5 solves this problem by implementing a 100% automated trading strategy based on the KT Renko Patterns indicator. After fetching the patterns formation and signals directly from the indicator, it performs some pre-checks and assessments to efficiently execute the trading positions.

What our customers say

Another excellent EA from Keenbase. Backtest results using provided set files looks impressive.

- Adil Mushtaque

All the dependencies are embedded in the expert advisor. It's not imperative to buy the KT Renko Patterns indicator to operate this EA successfully.

Features

Go fully automated with the KT Renko Patterns indicator and save tons of time.
Fully compatible with our Renko Chart Generator.
No additional download is required. All the required dependencies are embedded in the EA.
It fetches the stop-loss and profit targets directly from the indicator in the most efficient way.
It prints the pattern name with each entry to facilitate the identification of each trade.
Further boost the EA performance using the inbuilt filters like Session-Filter, MMI, Vortex, Volatility, Market Regime and more.
Flexible stoploss trailing to prevent the winners from turning into losses.
Protection against the black swan events using the max. loss function.

Input Parameters

----- Renko Pattern Settings -----
Min. Bars Between Patterns: The number of min. bars between each pattern.
W-M Pattern: true/false
Power Pennant Pattern: true/false
AB=CD Pattern: true/false
Triple Top/Bottom Pattern: true/false
Double Top/Bottom Pattern: true/false
Two-Back Brick Pattern: true/false
ZigZag Pattern: true/false
Swing Breakout Pattern: true/false
Draw Pattern Names: If true, EA will draw the pattern name with each new trade.
----- Trade Settings -----
Max. Active Positions: The no. of maximum active positions in the same direction.
Exit at Opposite Pattern: If true, positions will be closed at the patterns in opposite direction.
Lot Size Method: Fixed or Auto (Money Management).
----- Exit Settings -----
Stoploss Method: Pips/Volatility/Fetch from indicator
Take-Profit Method: Pips/Volatility or TP1/TP2/TP3 from the indicator
SL Trailing Method: Pips/Volatility
----- Set the Filters -----
Trading Sessions: All | Asian | London | New York | Asian-London | London-New York | New York-Asian
Trend Filter: True | False
Volatility Filter: True | False
Vortex Filter: True | False
MMI Filter: True | False
----- Miscellaneous Settings -----
Max Loss Protection: True | False
Logging: True | False (EA logs all its operation in the journal tab)